Mar 20, 2013 6:00am PDT
to lure super bowl 50 to the new 49ers stadium in 2016 includes give up tax revenue. now live from santa clara to explain. >> the santa clara city council decided it can, indeed, afford to give up a variety of tax revenue, all financial demands imposed by the nfl. those demands require the city to give up 9.5 percent hotel tax on 350 rooms for nfl staff, a 10 percent ticket surcharge and 35 percent per ticket fee that funds senior and youth program and $4.54 parking fee. private donations and general super bowl windfall will make up the loss and then some. the couple sill voted unanimously to give up the millions in revenue at a special meeting lat night. the stadium will be finished next year and santa clara is hoping super bowl 50 is played there in 2016. the hilton santa clara is optimistically planning a 140-room addition with views overlooking the new stadium and four of the rooms are premium and they are not worried about giving up the hotel tax. >> what we will get, the money pent during the super bowl event in that timeframe, that will more than make up to any money that is lost.
Mar 18, 2013 6:00am PDT
a slow tart with worries about cyprus, a small country, small economy, but it plans to tax people's bank accounts their deposits because of their budget problems. that is raising new concerns about the stability of the european banking system and probably some worse on wall street, especially as we are up here near record highs and we are trading lower across the board and the silicon valley index down on the day so far. the fattest moving real estate market in the country shows the number homes uncontract in 24 hours or less, and the past five months, phoenix has 540 of the so-called flash sales, the most of many, and hoes is -- san jose is the 15th highest. the inventory shortage and higher buyer demand is fueling the instant sales and los angeles has more coming in at 7th and sacramento at eight. live from the new york stock exchange for your news. exchange for your news. >> the morning newsys of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. it was such a beautiful experience. (jessica lee) ♪ and it's beautiful (woman) why walk 60 miles in the